Table 4
Louisiana Tax Burdens as a Percentage of the Southern Average
Three Scenarios
|
Louisiana Firm |
Current Tax Structure |
Scenario 1 |
Scenario 2 |
Scenario 3 |
|
|
Remove State Sales Tax on MM&E |
Remove State and Local Sales Taxes on MM&E |
Remove State and Local Sales Taxes on MM&E and Debt From Franchise Tax |
|||
|
State/Local |
State/Local |
State/Local |
State/Local |
State/Local/ Federal |
|
|
Average Manufacturer |
122% |
111% |
98% |
94% |
98% |
|
Capital-Intensive Manufacturer |
134% |
119% |
102% |
99% |
99% |
|
Labor-Intensive Manufacturer |
104% |
98% |
91% |
86% |
97% |
|
Retail Firm |
97% |
97% |
97% |
90% |
98% |
|
Wholesale Firm |
93% |
93% |
93% |
87% |
98% |